Wall Street braces for a rough day

U.S. stocks head for a second day of declines as major indexes around the world fall deep into the red, dragged down by the Nikkei.

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BuzzFeed: Making Business News Go Viral

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Photos: Talk Show Host Buys Home

Talk show host Ellen DeGeneres and wife Portia de Rossi have reportedly picked up another property -- this time in Montecito, Calif. The real-estate happy couple bought the home for $26.5 million, according to TMZ. On 13 acres with ocean views, the home has six bedrooms and nine fireplaces. With a horse ranch still in tow, the couple sold their home in Malibu last year that previously belonged to

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US Unemployment Aid Applications Fall to 340K

(WASHINGTON) — The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health. Applications for unemployment aid declined to a seasonally adjusted 340,000 in the week ending May 18, the Labor Department said Thursday. That’s down from 363,000 the previous week and a level consistent with solid job gains. The l

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Apax Partners to take rue21 private in $1.1 billion deal

(Reuters) - Private equity firm Apax Partners will acquire teen-apparel retailer rue21 Inc in a deal valued at about $1.1 billion, adding to a retail portfolio that includes Cole Haan and Takko Fashion.

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